LA approves regulations for short-term rentals
After years of debate, home-sharing, made popular by online platforms like Airbnb, will now be regulated after the City Council's vote Tuesday.
Short-term rental activity popularized and made easier by websites like Airbnb will finally be regulated in the city of Los Angeles, after the City Council approved rules on Tuesday that includes restricting hosts to offering no more than 120-nights per year in their primary residence.
Also known as “home-sharing,” the activity also will not be allowed in the city’s rent-stabilized units, to help ensure that many affordable housing will not be taken off the market and converted into more profitable rooms for out-of-town guests, under the regulation approved by the council.
The regulations, green-lighted following three years of debate by the City Council, are set to go into effect next July 1, pending Mayor Eric Garcetti’s approval.
Councilman Mike Bonin, who represents the Venice neighborhood, said efforts to rein in the “emerging- and fast-moving industry” over that time have centered around the question of “affordable housing and housing instability, which really is an issue on both sides of the debate.”